Maybe the ASX regulators are wondering how a company can have a market cap of 10 million then announce a PEA report that shows a US9 billion after tax profit ,that must have turned a few heads.
I think long term holders know what really happened here ,trolls and ill informed investors who did not even bother to research the Bromine content and economics of the Paradox basin brine ,talked negatively about this company by just focussing on the Lithium ,that caused a unjustified fall in the share price.
So I think the issue has more to do with poor individual decisions and assumptions who are questioning the validity of the PEA report who contacted the ASX ,who intern have had to look into the PEA report ,especially considering the company only had a ten million dollar market cap.
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Mkt cap ! $104.2M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
1 | 13157 | 7.6¢ |
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Price($) | Vol. | No. |
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7.7¢ | 113969 | 2 |
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5 | 226223 | 0.075 |
7 | 342446 | 0.074 |
7 | 545630 | 0.073 |
9 | 824609 | 0.072 |
3 | 1172856 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.079 | 409641 | 7 |
0.080 | 880284 | 4 |
0.081 | 1226780 | 5 |
0.082 | 351614 | 2 |
0.083 | 500000 | 3 |
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